With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.
Oil prices surge as OPEC+ delays output increase, gold rebounds
Oil had risen in recent sessions after reports said the cartel was considering such a move, due to pressure on oil prices from concerns over weak demand and higher production outside the group
Oil Prices Lower as U.S. Election Results Trickle in
Oil prices were lower in early Asian trade as investors closely watched the U.S. election results. Overall, if Trump becomes president, his policies are likely to be neutral to slightly bullish for the oil market,
Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus
Oil prices climbed nearly 3% on Monday on OPEC+'s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up $2.
Oil prices edge higher as traders await U.S. election results
Oil futures edged higher in quiet trade early Tuesday as investors await the outcome of a contentious and close U.S. presidential election.
Oil Edges Higher With Focus on China Stimulus, Fed Rates, and U.S. Election
Oil prices were edge higher ahead of the U.S. election after gaining more than 2% in the previous session on OPEC+'s decision to delay output hike plans. In early trade, Brent crude rose 0.4% to $75.37 a barrel,
Oil prices steady ahead of US election results
Oil prices held steady on Tuesday as the market waits for voters to cast ballots in what is expected to be an exceptionally close U.S. presidential election. Brent crude oil futures rose 2 cents to $75.
OPEC+ production hike delay may signal oil price concerns, analysts say
OPEC+ had been due to increase monthly output by 180K bbl/day starting in December, but the mere one-month extension on its own should make only a small difference to global oil supply. But the extension through the end of 2024 " casts doubt on the group's commitment (or wherewithal) to return supply at all" in 2025,
Crude Oil Prices9h
Oil Prices Spike After OPEC+ Postpones Production Cut Increase
OPEC+ delayed a planned increase in oil production, causing prices to rise as analysts debate the long-term impact on the market.
Seeking Alpha23d
June Non-OPEC And World Oil Production
OPEC production is covered in a separate post. Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil-producing countries. The charts ...
The Associated Press - Business News on MSN2d
OPEC extends its oil output cuts by one month until the end of December
Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end ...
Big Oil Dials Up Output Growth Just as OPEC Mulls Supply Boost
Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel ...
MercoPress2y
OPEC minimum oil production increase during March
The Saudis self-reported March crude oil production of 10.300 million bpd, OPEC said in the report. UAE raised its production by 23,000 bpd to 2.983 million bpd, per OPEC’s secondary sources ...
The Nation Newspaper22d
OPEC cuts oil-demand growth forecast for 2024, 2025
Demand for 2025 is seen at 105.78 mbpd, down from 105.99 mbpd. Meanwhile OPEC’s crude oil production slumped by 604,000 barrels per day (bpd) in September compared to August, as Libya’s output ...
Crude Oil Prices2d
Libyan Oil Output Resumption Significantly Increases OPEC Output
OPEC oil production rebounded from its lowest this year thanks to Libya resolving, even if temporarily, a political crisis over control of the Central Bank ...
DBO: Oil Geopolitical Premium Is Evaporating, But Probably Not For Long
The Invesco DB Oil Fund ETF offers exposure to WTI oil futures market. Click here to find out the reasons why to pick and why ...
TASS2y
OPEC keeps non-OPEC oil production growth forecast of 2.1 mln barrels/day in 2022
Uncertainty remains high as regards the potential oil production growth in the US and the geopolitical situation in Eastern Europe, OPEC experts said. Gas reserves in Europe’s UGS facilities ...
Upstream23d
Opec further trims global oil demand growth outlook
Opec has further trimmed its global oil demand growth view for this year and cut its outlook for 2025, its third consecutive downward revisions in recent months. The producer group revised its ...